Tag Archives: technology
US SEC sues Celsius Network and its founder
(Reuters) - U.S. Securities and Exchange Commission said on Thursday it has sued bankrupt crypto lender Celsius Network and its founder Alex Mashinsky. The lawsuit adds to a series of challenges for t...
Jul 13, 2023
EV brand Smart plans funding led by Tianqi Lithium
SHANGHAI (Reuters) - EV brand Smart said on Thursday it planned to raise $250-300 million via series-A funding which it hoped would enhance its long-term sustainable development strategy and accelerat...
Jul 13, 2023
Open-source AI model creator Nomic raises $17 million led by Coatue
(Reuters) - AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued New York-based Nomic AI, a team of four at th...
Jul 13, 2023
US FTC opens investigation into OpenAI – Washington Post
(Reuters) - The U.S. Federal Trade Commission (FTC) has opened an expansive investigation into OpenAI, the maker of viral chatbot ChatGPT, on claims that it has run afoul of consumer protection laws b...
Jul 13, 2023
Analysis-Partnering with Coinbase could hinder bid for bitcoin ETF approval
By John McCrank and Michelle Price WASHINGTON (Reuters) - Partnering with Coinbase Global may hinder rather than help Nasdaq's bid to win regulatory approval for a bitcoin exchange-traded-fund it want...
Jul 13, 2023
AI startups bringing dollars but lean workforces to ailing San Francisco
By Anna Tong SAN FRANCISCO (Reuters) - In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Franci...
Jul 13, 2023
China’s Huawei says it earned patent revenues of $560 million last year
SHENZHEN, China (Reuters) - Chinese tech giant Huawei Technologies received $560 million in royalty revenues in 2022, Alan Fan, its head of intellectual property (IP), said on Thursday in a speech at ...
Jul 13, 2023
Bosch ups investment in hydrogen, begins fuel-cell power module production
BERLIN (Reuters) - German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technology from 2021 to 2026 and expects to generate roughly 5 billion in sales ...
Jul 13, 2023
UK regulator refers Adobe’s $20 billion buyout of Figma to phase 2 probe
(Reuters) -Britain's antitrust regulator on Thursday referred Adobe's $20 billion buyout of cloud-based designer platform Figma to an in-depth probe saying the Photoshop owner informed the regulator t...
Jul 13, 2023
China issues temporary rules for generative AI services
By Josh Ye HONG KONG (Reuters) -China issued a set of interim measures on Thursday to manage the booming generative artificial intelligence (AI) industry, paving the way for Chinese tech companies to ...
Jul 13, 2023
